ZIP Code 55706 — Babbitt, MN
IRS Income Data, Tax Year 2022
$57,214
Average AGI
#20,411
National Rank
#735
MN State Rank
910
Tax Returns
Income Bracket Distribution
Percentage of tax returns in each AGI bracket for ZIP 55706.
Detailed Bracket Data
| Income Bracket | Returns | Total AGI | Avg AGI in Bracket | % of Returns |
|---|---|---|---|---|
| $1 - $25,000 | 270 | $3,322,000 | $12,303 | 29.7% |
| $25,000 - $50,000 | 240 | $8,608,000 | $35,866 | 26.4% |
| $50,000 - $75,000 | 170 | $10,563,000 | $62,135 | 18.7% |
| $75,000 - $100,000 | 90 | $7,283,000 | $80,922 | 9.9% |
| $100,000 - $200,000 | 120 | $16,117,000 | $134,308 | 13.2% |
| $200,000 or more | 20 | $6,172,000 | $308,600 | 2.2% |
| Total | 910 | $52,065,000 | $57,214 | 100% |
Nearby Major Cities
Closest cities by distance with significant tax filing activity.
| City | Distance | Avg AGI | Tax Returns |
|---|---|---|---|
| Brooklyn Center, MN | 196 mi | $63,394 | 52,010 |
| Saint Paul, MN | 201 mi | $84,722 | 96,050 |
| Minneapolis, MN | 201 mi | $88,027 | 187,810 |
| Rochester, MN | 257 mi | $95,397 | 67,880 |
| Appleton, WI | 291 mi | $86,320 | 63,610 |
| Green Bay, WI | 293 mi | $87,144 | 53,620 |
Similar ZIP Codes in Minnesota
| ZIP Code | City | Avg AGI | Nat. Rank |
|---|---|---|---|
| 56174 | Storden | $57,242 | #20,393 |
| 56641 | Federal Dam | $57,320 | #20,360 |
| 55922 | Canton | $57,078 | #20,492 |
| 56433 | Akeley | $57,441 | #20,301 |
| 55421 | Columbia Heights | $57,597 | #20,177 |
| 56575 | Ponsford | $56,824 | #20,630 |
| 56686 | Williams | $57,632 | #20,158 |
| 55771 | Buyck | $56,742 | #20,677 |
Nearby ZIP Codes
Closest ZIP codes by geographic distance.
| ZIP Code | City | Distance | Avg AGI | Nat. Rank |
|---|---|---|---|---|
| 55705 | Aurora, MN | 9.2 mi | $63,919 | #16,318 |
| 55731 | Ely, MN | 12.6 mi | $68,871 | #13,547 |
| 55732 | Embarrass, MN | 13.9 mi | $63,618 | #16,493 |
| 55750 | Hoyt Lakes, MN | 17.9 mi | $56,085 | #21,091 |
| 55790 | Tower, MN | 18.1 mi | $79,629 | #8,920 |
| 55719 | Chisholm, MN | 25.9 mi | $59,463 | #18,976 |
| 55792 | Virginia, MN | 26.3 mi | $60,144 | #18,573 |
| 55741 | Gilbert, MN | 28.0 mi | $71,773 | #12,064 |
About This Data
Income data is based on IRS Statistics of Income (SOI) ZIP code data for Tax Year 2022. AGI (Adjusted Gross Income) represents gross income minus certain deductions. Rankings are calculated across 788 ZIP codes in Minnesota and all U.S. ZIP codes nationally. Data reflects tax returns filed, not total population.